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Wednesday, May 29, 2013
Friday, May 17, 2013
LIC's Jeevan Tarang
What does LIC's Jeevan Tarang Offer you?
Cash value of bonus on the full sum insured + Annual Installments @ 5.5% of the sum insured up to your 100 years of age + Sum Insured whenever you are not alive instead of annual installments, without any deduction towards installments already paid + Loyalty Addition if any, on your surviving the premium payment term you have chosen (10 or 15 or 20 years),
Sum Insured + Bonus accrued in case you do not outlive the premium payment term you have chosen ( 10 or 15 or 20 years)
Loan against surrender value at 9.00% per annum simple interest,
Additional sum equal to face value but not exceeding Rs 50 Lakhs in case of fatal accident against a small extra,
Premium waiver in addition to the above accident benefit in case of Total and Permanent Disability due to Accident against a small extra,
Term Cover Rider against extra
Why Should You Invest On LIC's Jeevan Tarang?
Under this plan, your nominee is assured of the face value of the policy on your death whenever it occurs within your 100 years of age. Your premium payment however is limited only for the term chosen (10 or 15 or 20 years).
You are assured of a regular annual income as long as you are alive up to a maximum of 100 years of age, once you outlive the premium payment term you have chosen. By going for LIC's Jeevan Tarang every month, you can reduce the frequency of annual installments to monthly also.
From income-tax point of value also, you stand to gain quite a bit through LIC's Jeevan Tarang investment. While the premium paid qualifies for Section 80 C benefit within the overall limit of Rs 1 Lakh per annum allowed for various savings, annual installments received as above are free from income-tax, since they are nothing but settlement options on the sum insured exercised by you. In other words, under LIC's Jeevan Tarang, you are assured of a tax-free annuity @5.5% of the sum you have insured for rest of your life, once you outlive the PPT chosen.
Bonus available before commencement of Annuity can be profitably invested to fetch you income additional to annuity installments available under the plan.
Policy loans available under the plan offer you additional investment facilities without affecting any of the policy privileges.
These are some of the prominent reasons why you should invest on LIC's Jeevan Tarang as much as you can.
How long you need to Invest on LIC's Jeevan Tarang?
How long you need to Invest on LIC's Jeevan Tarang?
10 or 15 or 20 years ceasing at death, if it occurs early.
What are the Modes of Investment available under LIC's Jeevan Tarang?
Single, Yearly, Half-yearly or quarterly or monthly.
Want to know more about LIC's Jeevan Tarang or want to invest on the plan?
Call us at 9899307833 / 9811362697 or write us at everyoneinusred@gmail.com
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LIC's Jeevan Mithra (Triple Benefit)
What does LIC's Jeevan Mithra (Triple Cover) Offer you?
Call us at 9899307833 / 9811362697 or write us at everyoneinsured@gmail.com
Sum Insured + Bonus Accrued For the Policy Term chosen, on your surviving the premium payment term you have chosen (15 to 30 years),
3 times the basic sum Insured + Bonus accrued on the basic sum insured in case you do not outlive the premium payment term you have chosen ( 15 to 30 years)
4 times the basic sum insured in case death is due to accident against a little extra,
Waiver of further premium payable + Basic Sum Insured spread over in the form of an Annuity for next 10 years + All other Maturity benefits in case of Total and Permanent Disability due to Accident,
Loan against surrender value at 9.00% per annum simple interest,
Why Should You Invest On LIC's Jeevan Mithra (Triple Benefit)?
Financial security available to your nominee in your absence during the currency of the plan is maximum,
Maturity Benefit available should you outlive the PPT you have chosen is quite impressive,
Premium paid qualifies for Section 80 C benefit within the overall limit of Rs 1 Lakh per annum allowed for various savings,
Policy proceeds received by you on surviving the PPT chosen are free from income-tax under section 10(10D) of the I.T Act.
Policy loans available under the plan offer you additional investment facilities without effecting any of the policy privileges,
Most ideal as a collateral security while drawing housing or any capital loans in view of the high security it offers.
These are some of the prominent reasons why you should invest on LIC's Jeevan Mithra (Triple Benefit) as much as you can.
How long you need to Invest on LIC's Jeevan Mithra (Triple Benefit)?
How long you need to Invest on LIC's Jeevan Mithra (Triple Benefit)?
15 to 30 years ceasing at death, if it occurs early.
What are the Modes of Investment available under LIC's Jeevan Mithra (Triple Benefit)?
Yearly, Half-yearly or Quarterly or Monthly.
Want to know more about LIC's Jeevan Mithra (Triple Benefit) or want to invest on the plan?
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LIC's Bima Account -1
What does LIC's Bima Account - 1 Offer you?
Balance in your Account ( Total investment in regular premium account + Total investment in top up premium account - expenses) on surviving the policy term you have chosen (5 to 7 years),
Sum Insured + Balance in your account ( Total investment in regular premium account till the day of death + Total investment in top up premium account till day of death - expenses till the day of death) in case you do not survive the policy term chosen ( 5 to 7 years)
Guaranteed Interest at 6% per annum on the balance in your account,
Possibility of enhanced interest on the premium account portion of the policy account,
Loan against surrender value at 9.00% per annum simple interest after 1 year from the commencement,
Facility for topping up the premium with additional amount.
Why Should You Invest On LIC's Bima Account-1?
It is a short term plan of 5 to 7 years.
You are assured of a minimum 6% per annum on the balance in your account. In addition, there is a possibility of higher returns on your premium account. But in reality, you are earning more every year, since, more and more amount out of your gross investment is getting transferred to your policy account with reduction in charges towards expenses. Coupled with Section 80C benefit subject to a overall limit of Rs 1 Lakh per annum allowed for various savings and full I.T exemption on the claim amount you receive under section 10(10D) of the I.T Act, you will observe Bima Account 1 as one of the most lucrative investment options you love to explore.
The plan offers quite an impressive life insurance coverage right from day one till day last. In addition, entire balance in the policy account is returned in such an event marking the uniqueness of the plan!
Policy loans available under the plan offer you additional investment facilities without affecting any of the policy privileges.
These are some of the prominent reasons why you should invest on LIC's Bima Account-1) as much as you can.
How long you need to Invest on LIC's Bima Account-1?
How long you need to Invest on LIC's Bima Account-1?
5 to 7 years ceasing at death, if it occurs early.
What are the Modes of Investment available under LIC's Bima Account-1?
Yearly, Half-yearly or Quarterly or Monthly.
Want to know more about LIC's Bima Account-1 or want to invest on the plan?
Call us at 9899307833 / 9811362697 or write us at everyoneinsured@gmail.com
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LIC's Bima Account -2
What does LIC's Bima Account - 2 Offer you?
Balance in your Account ( Total investment in regular premium account + Total investment in top up premium account - expenses) on surviving the policy term you have chosen (10 to 15 years),
Sum Insured + Balance in your account ( Total investment in regular premium account till the day of death + Total investment in top up premium account till day of death - expenses till the day of death) in case you do not survive the policy term chosen ( 10 to 15 years)
Guaranteed Interest at 6% per annum on the balance in your account,
Possibility of enhanced interest on the premium account portion of the policy account,
Loan against surrender value at 9.00% per annum simple interest after 1 year from the commencement,
Facility for topping up the premium with additional amount.
Why Should You Invest On LIC's Bima Account-2?
It is a short term plan of 10 to 15 years.
You are assured of a minimum 6% per annum on the balance in your account. In addition, there is a possibility of higher returns on your premium account. But in reality, you are earning more every year, since, more and more amount out of your gross investment is getting transferred to your policy account with reduction in charges towards expenses. Coupled with Section 80C benefit subject to a overall limit of Rs 1 Lakh per annum allowed for various savings and full I.T exemption on the claim amount you receive under section 10(10D) of the I.T Act, you will observe Bima Account 2 as one of the most lucrative investment options you love to explore.
The plan offers quite an impressive life insurance coverage right from day one till day last. In addition, entire balance in the policy account is returned in such an event marking the uniqueness of the plan!
Policy loans available under the plan offer you additional investment facilities without affecting any of the policy privileges.
These are some of the prominent reasons why you should invest on LIC's Bima Account-2) as much as you can.
How long you need to Invest on LIC's Bima Account-2?
How long you need to Invest on LIC's Bima Account-2?
10 to 15 years ceasing at death, if it occurs early.
What are the Modes of Investment available under LIC's Bima Account-2?
Yearly, Half-yearly or Quarterly or Monthly.
Want to know more about LIC's Bima Account-2 or want to invest on the plan?
Call us at 9811362697 / 9899307833 or write us at everyoneinsured@gmail.com
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Wednesday, May 15, 2013
Jeevan Arogya
What is Jeevan Arogya?
It is LIC’s family Medical Insurance Plan.
Whom All I can cover under Jeevan Arogya?
Yourself (Known as Principal Insured), Your Spouse, all your family members including dependent parents and parents-in-law in the age group 0-75.
Is there any Maturity or Death Benefit under Jeevan Arogya?
What is the Mandatory requirement for claiming Medical Benefits under Jeevan Arogya? Hospitalization in India due to either accident or sickness for at least 24 hours, every block of 4 hours deemed as 1 day.
What is the basis of calculating Medical Benefits under Jeevan Arogya?
Hospital Cash Benefit (HCB) you opt for at the time of entering the plan. It can be anything between Rs 1, 000/- to Rs 4, 000/- per day (in multiples of Rs 1,000).
What are the eventualities covered under Jeevan Arogya?
Hospitalization as above. No surgery: Cash reimbursement equal to Applicable Daily Benefit (ADB) x No of day's hospitalization.
ICU admission:
Cash reimbursement equal to double the ADB.
Listed Surgical Procedures:
Cash reimbursement equal to 2 times the ADB subject to a maximum of 45 days in a year or 360 days during the entire policy term (15 days - First Year).
Listed Day Care Procedures: 5 times the ADB applicable regardless of the actual costs incurred not exceeding 3 times in a year and 24 times in the entire policy term.
What is `Applicable Daily Benefit' (ADB)' referred to under Jeevan Arogya?
It is the sum total of HCB you have opted for at the commencement of the plan + 5% of the HCB you earn every year subsequent to first year reaching a maximum of additional 50% of the initial HCB + 5% of the HCB you earn at the end of every 3 years in case you have not claimed any amount under the plan for previous 3 years, without any limit.
How long I need to pay premium under Jeevan Arogya?
Upto age 80, if the age at entry is 18-75 years, Upto age 25, if the age at entry is 0-17.
Does premium under Jeevan Arogya remains same throughout the premium payment term or will it keep varying?
It keeps varying once in 3 years.
Is there any Income-Tax Benefit on Jeevan Arogya Premium?
Yes, Premium paid every year enjoys I.T exemption under section 80 D within the statutory limit for medical insurance premium up to Rs 15,000/- per annum in case of individuals and Rs 30,000/- for the family members.
Does Jeevan Arogya offer any Cash-less facility?
No.
What is so special about Jeevan Arogya?
This is one plan where,You get medical coverage up to age 80 without any interruption, provided, policy is kept in force by premium payment in time. You can cover all your family members including your parents and parents- in law in the age group 0-75. Medical reimbursement available under the plan is independent of the actual medical expenses incurred. Mere hospitalization followed by discharge certificate is enough to claim medical reimbursement unlike Mediclaim plans where medical reimbursement is directly related to the actual expenses claimed by your hospital. As a result, unlike Mediclaim Plans, Jeevan Arogya takes care of your post treatment expenses and possible drop in your income especially during prolonged illness.
You can draw up to 50% of the claim amount in advance for meeting surgical procedures instead of waiting for the claim settlement. ADB keeps increasing every year by 5%, reaching a maximum of 150%. As a result, other benefits like HCB and MSB sum also stand increased. You can claim HCB every year upto 30 days at a stretch that includes 15 days in ICU or as a lifetime benefit up to 720 days that includes 360 days in ICU.
It provides you premium waiver for next 1 year in case of your undergoing major surgical procedures.
Jeevan Arogya investment as an additional benefit, even if you have invested in General Insurance Companies' Mediclaim plans Infact, a combination of Jeevan Arogya Mediclaim could be the best way of providing for medical exigencies. While Mediclaim provides for Medical Expenses during treatment, Jeevan Arogya takes care of your monetary requirement after treatment.
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It is LIC’s family Medical Insurance Plan.
Whom All I can cover under Jeevan Arogya?
Yourself (Known as Principal Insured), Your Spouse, all your family members including dependent parents and parents-in-law in the age group 0-75.
Is there any Maturity or Death Benefit under Jeevan Arogya?
What is the Mandatory requirement for claiming Medical Benefits under Jeevan Arogya? Hospitalization in India due to either accident or sickness for at least 24 hours, every block of 4 hours deemed as 1 day.
What is the basis of calculating Medical Benefits under Jeevan Arogya?
Hospital Cash Benefit (HCB) you opt for at the time of entering the plan. It can be anything between Rs 1, 000/- to Rs 4, 000/- per day (in multiples of Rs 1,000).
What are the eventualities covered under Jeevan Arogya?
Hospitalization as above. No surgery: Cash reimbursement equal to Applicable Daily Benefit (ADB) x No of day's hospitalization.
ICU admission:
Cash reimbursement equal to double the ADB.
Listed Surgical Procedures:
Cash reimbursement equal to 2 times the ADB subject to a maximum of 45 days in a year or 360 days during the entire policy term (15 days - First Year).
Listed Day Care Procedures: 5 times the ADB applicable regardless of the actual costs incurred not exceeding 3 times in a year and 24 times in the entire policy term.
What is `Applicable Daily Benefit' (ADB)' referred to under Jeevan Arogya?
It is the sum total of HCB you have opted for at the commencement of the plan + 5% of the HCB you earn every year subsequent to first year reaching a maximum of additional 50% of the initial HCB + 5% of the HCB you earn at the end of every 3 years in case you have not claimed any amount under the plan for previous 3 years, without any limit.
How long I need to pay premium under Jeevan Arogya?
Upto age 80, if the age at entry is 18-75 years, Upto age 25, if the age at entry is 0-17.
Does premium under Jeevan Arogya remains same throughout the premium payment term or will it keep varying?
It keeps varying once in 3 years.
Is there any Income-Tax Benefit on Jeevan Arogya Premium?
Yes, Premium paid every year enjoys I.T exemption under section 80 D within the statutory limit for medical insurance premium up to Rs 15,000/- per annum in case of individuals and Rs 30,000/- for the family members.
Does Jeevan Arogya offer any Cash-less facility?
No.
What is so special about Jeevan Arogya?
This is one plan where,You get medical coverage up to age 80 without any interruption, provided, policy is kept in force by premium payment in time. You can cover all your family members including your parents and parents- in law in the age group 0-75. Medical reimbursement available under the plan is independent of the actual medical expenses incurred. Mere hospitalization followed by discharge certificate is enough to claim medical reimbursement unlike Mediclaim plans where medical reimbursement is directly related to the actual expenses claimed by your hospital. As a result, unlike Mediclaim Plans, Jeevan Arogya takes care of your post treatment expenses and possible drop in your income especially during prolonged illness.
You can draw up to 50% of the claim amount in advance for meeting surgical procedures instead of waiting for the claim settlement. ADB keeps increasing every year by 5%, reaching a maximum of 150%. As a result, other benefits like HCB and MSB sum also stand increased. You can claim HCB every year upto 30 days at a stretch that includes 15 days in ICU or as a lifetime benefit up to 720 days that includes 360 days in ICU.
It provides you premium waiver for next 1 year in case of your undergoing major surgical procedures.
Jeevan Arogya investment as an additional benefit, even if you have invested in General Insurance Companies' Mediclaim plans Infact, a combination of Jeevan Arogya Mediclaim could be the best way of providing for medical exigencies. While Mediclaim provides for Medical Expenses during treatment, Jeevan Arogya takes care of your monetary requirement after treatment.
Leave a comment on these posts (we LOVE comments) »
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